MLN Options History — June 2025

In June 2025, MLN traded between $16.68 and $16.91. ATM implied volatility averaged 44.9%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 38.6% (HV 20d: 6.2%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2025-06-23: Highest Volume — 114 contracts
2025-06-05: Largest IV spike — 435.1% change
2025-06-05: Highest IV Rank — 100.0%
2025-06-05: Largest Expected Move — 30.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.81	$16.68	$16.91	$16.70	$16.89
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	44.9%	30.9%	179.6%	40.9%	40.8%
Expected Move	11.0%	8.5%	30.5%	11.7%	11.7%
HV 20d	6.2%	5.3%	6.8%	6.7%	5.5%
HV 60d	11.0%	10.9%	11.1%	11.1%	10.9%
IV Rank	16.4%	6.9%	100.0%	18.8%	13.1%
IV Percentile	28.6%	9.1%	100.0%	27.8%	30.6%
Term Structure	-8.2%	-46.7%	60.2%	-12.2%	-13.0%
VWIV	43.7%	43.7%	43.7%	43.7%	43.7%
Skew 25d	-11.1%	-40.0%	3.7%	-8.6%	-0.2%
Skew 10d	-20.8%	-55.0%	5.8%	-31.6%	-38.4%
Call IV 25d	35.5%	10.2%	114.0%	19.3%	13.6%
Put IV 25d	24.3%	10.7%	73.9%	10.7%	13.5%
Bid-Ask Spread %	144.10	115.62	181.25	127.89	136.99
Gamma HHI	0.64	0.39	0.81	0.70	0.68
Net GEX	18.0K	726	27.8K	25.5K	5.6K
Net DEX	-127.0K	-431.1K	-2.5K	-145.0K	-34.8K
Net VEX	-386	-1.2K	-38	-579	-126
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	6.25	0	114	0	0
Total OI	692.25	130	897	876	244

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-06-02	$16.70	$15.00	40.9%	11.7%	6.7%	18.8%	0.0%	-8.6%	-12.2%	25.5K	-145.0K	-579	127.89	N/A	N/A	0	0	776	100
2025-06-03	$16.70	$15.00	42.1%	12.1%	6.7%	19.9%	0.0%	-11.8%	-13.1%	25.4K	-153.0K	-611	132.25	N/A	N/A	0	0	776	100
2025-06-04	$16.77	$15.00	33.6%	9.6%	6.7%	12.2%	0.0%	-7.3%	-10.0%	26.9K	-115.4K	-460	115.62	N/A	N/A	0	11	776	100
2025-06-05	$16.76	$15.00	179.6%	30.5%	6.6%	100.0%	0.0%	-40.0%	-46.7%	16.2K	-431.1K	-1.2K	181.25	N/A	N/A	0	0	776	121
2025-06-06	$16.68	$15.00	46.4%	8.5%	6.7%	16.6%	0.0%	-24.5%	-7.2%	23.4K	-174.8K	-655	140.40	N/A	N/A	0	0	776	121
2025-06-09	$16.73	$15.00	50.1%	8.6%	6.8%	18.9%	0.0%	0.8%	-8.5%	25.5K	-143.1K	-506	151.94	N/A	N/A	0	0	776	121
2025-06-10	$16.73	$15.00	53.7%	8.8%	6.8%	21.2%	0.0%	-25.4%	-8.8%	24.9K	-140.6K	-459	141.07	N/A	N/A	0	0	776	121
2025-06-11	$16.77	$15.00	30.9%	8.9%	6.8%	6.9%	0.0%	0.9%	-8.9%	25.8K	-181.5K	-553	151.65	N/A	N/A	0	0	776	121
2025-06-12	$16.86	$15.00	31.3%	9.0%	6.8%	7.2%	0.0%	-27.3%	-9.9%	27.8K	-177.0K	-478	145.19	N/A	N/A	0	0	776	121
2025-06-13	$16.81	$15.00	31.2%	8.9%	6.4%	7.1%	0.0%	0.2%	-9.4%	27.3K	-161.0K	-443	152.59	N/A	N/A	0	0	776	121
2025-06-16	$16.80	$15.00	32.6%	9.3%	6.4%	8.0%	0.0%	0.3%	-10.6%	26.9K	-154.6K	-347	149.41	N/A	N/A	0	0	776	121
2025-06-17	$16.81	$15.00	33.1%	9.5%	6.3%	8.3%	0.0%	-29.9%	-11.7%	25.9K	-178.5K	-306	142.14	N/A	N/A	0	0	776	121
2025-06-18	$16.88	$15.00	33.0%	9.5%	6.5%	8.2%	0.0%	-23.6%	60.2%	27.5K	-191.6K	-264	147.08	N/A	N/A	0	0	776	121
2025-06-20	$16.88	$15.00	34.1%	9.8%	5.6%	8.9%	0.0%	0.3%	-6.0%	972	-4.4K	-56	152.32	N/A	N/A	0	0	776	121
2025-06-23	$16.91	$15.00	35.4%	10.1%	5.6%	9.7%	43.7%	-9.0%	-8.1%	726	-2.5K	-38	142.55	N/A	N/A	114	0	120	10
2025-06-24	$16.91	$15.00	36.8%	10.6%	5.5%	10.6%	0.0%	1.7%	-9.5%	5.8K	-38.0K	-151	144.80	N/A	N/A	0	0	234	10
2025-06-25	$16.88	$15.00	36.9%	10.6%	5.3%	10.7%	0.0%	3.7%	-9.2%	5.8K	-38.4K	-156	144.74	N/A	N/A	0	0	234	10
2025-06-26	$16.89	$15.00	37.0%	10.6%	5.3%	10.7%	0.0%	-10.7%	-9.2%	5.8K	-38.0K	-149	141.67	N/A	N/A	0	0	234	10
2025-06-27	$16.84	$15.00	37.9%	10.9%	5.4%	11.2%	0.0%	-12.6%	-11.1%	5.7K	-37.1K	-152	140.55	N/A	N/A	0	0	234	10
2025-06-30	$16.89	$15.00	40.8%	11.7%	5.5%	13.1%	0.0%	-0.2%	-13.0%	5.6K	-34.8K	-126	136.99	N/A	N/A	0	0	234	10